Observers of horse racing have started commenting that the sport is in a state of steady decline and enthusiasm for the game is on the wane. Falling attendance and a flat ownership profile bear unfortunate testimony to this fact. Claims of race-fixing, scandals and poor supervision of the sport have all sullied the image of racing.
Interestingly, the editorial of a leading international racing magazine recently commented that the use of the word ‘Sport’ to describe what is a multimillion-dollar industry was both quaint and misleading. Images of jockeys fixing races, bookmakers in seedy rooms and charges of corruption have blurred the halo around this King of Sports.